if the BRICS do manage to divert more trade away from the USD and outside SWIFT then demand for USDs falls rapidly.
and as US keeps spending out of control they will struggle to attract buyers for their USTs. Then it will not matter what yields they offer. POG will move higher against the USD as US will be turning into Argentina.
Even worse if the FED is forced to buy those USTs as buyer of last resort.
not there yet though but they are working hard to get there fast.
Ann: Boda Drilling Further Extends Mineralisation, page-127
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Last
47.0¢ |
Change
-0.015(3.09%) |
Mkt cap ! $284.3M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 49.5¢ | 46.8¢ | $521.4K | 1.094M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4298 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 15475 | 2 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| ALK (ASX) Chart |